$1,525,000
$1,650,000
7.6%For more information regarding the value of a property, please contact us for a free consultation.
936 N Washington PL Long Beach, CA 90813
5,662 Sqft Lot
Key Details
Sold Price $1,525,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown (Dt)
MLS Listing ID AR20198472
Sold Date 12/22/20
HOA Y/N No
Year Built 1986
Lot Size 5,662 Sqft
Property Description
This newer apartment building of 1986 offers 6 units of 2-bedrooms and 2-bathrooms each with tremendous upside potentials because the current rents are substantially below fair market rents. Tenants are stable, of which two have stayed for a decade. With brand new exterior paint, this property features 7 electric meters, and 7 gas meters, plus a lot of recent updates including but not limited to new decking, new flooring, new railings, and new fence. 3 of the 6 units have been updated recently, of which 2 with new granite countertop, and 1 with tiled countertop, new cabinets, new flooring, and new interior paints. Act fast and snap up this centrally located apartment in the rapidly growing city of Long Beach.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR4R
Interior
Fireplace No
Laundry None
Exterior
Carport Spaces 8
Pool None
Community Features Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7274022002
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
Lease Land No
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Bought with Elena Moric • The Realestate Group